tv [untitled] October 10, 2014 9:30am-10:01am PDT
to build those units off site, where the bmr units are paying their own and setting their own and paying their own hoa fees. and so thank you very much and again, we want to say that we are supportive of this and we want to be sure that it does not set a precedent for all projects being out. >> thank you. >> are there any other members of the public. >> no other speaker cards. >> we will close public comment. and turn it to the commissioners, commissioner singh? >> yeah. thank you. and madam president, and i have gone through already targeting this, and actually, i like this project, now, and i don't know before and also, i agree that it counts enough and so (inaudible) so i think that i like to move this. >> commissioner do you have any questions? >> no i just would like to second that. >> thank you. >> and the motion has been made and seconded, could you call
the roll? >> commissioner singh, >> yes. commissioner bustos. >> yes. >> and madam chair. >> yes. >> three ayes and one absent. >> item five, consent agenda, approval of minutes, august 19, 2014. >> madam chair? >> yes, i believe that first we need to call for public comment? do we have any speaker cards? >> i have no speaker cards. >> so there is no speaker cards and are there any comments or questions, edits to the minutes? >> i move the minutes. >> motion, by commissioner singh. >> second. >> i think that it is appropriate for commissioner bustos to second. >> yes. and so the motion has been moved and seconded call the roll.
>> commissioners announce your vote when i call your fame. >> commissioner singh? >> yes. >> commissioner bustos,. >> yes. >> madam rosales. >> yes. >> three ayes and one absent. >> next item. >> next order of business is regular agenda, 5 b, resolution authorizing and direct concern actions to be taken with respect to the election of the city and county san francisco community facilities district no, 2014-1, transbay transit center and, transbay redevelopment project area and discussion and action, resolution number 84-2014. madam director. >> thank you, madam secretary, commissioners the board of supervisors recently completed a number of steps to fill the district in transbay, and it will cover the entire transbay redevelopment project area and your jurisdiction as well as planning and as we know in the other project areas, these special tax districts are critical to implementing the over all vision for the project
and the infrastructure and the improvements and the marks and the like and with that, i would like to ask, sally our deputy directors for the programs and project management to present this item. >> thank you, director, and good morning, commissioners. and so, today i am here to seek approval of the resolution, authoritying the executive director to execute a ballot in favor of the city transbay, transit center and ocii currently owns a parcel of land, known as transbay block one which is planned to be sold to private ownership and will be subject to the tax. >> before going to the specifics of the cfd, i wanted to give you an over all time line for the adoption of this proposed district. and the board of supervisors has already taken several legislative actions in september, to approve the resolution of formation, and the resolution of determining the necessity to incur the debt
and the resolution for calling for the landowner election, and then, the final hearings are schedule for december of this year. >> also, a little more background, just in general about transbay and the key plan dates. and there has been a long standing goal, to expand downtown south of market to the area around the transbay transit center. and the city has been engaged in planning these efforts including significant public out reach and engagement for the area surrounding the center for ten years and our focus for this work is to build up the transit oriented growth under the new transit center and to help to pay for the center as well as a downtown rail extension, from the fourth and king, cal train station and sometimes, it is referred to as the dpx. and so, here is some key milestones that have occurred in the area when some of the planning work and the plan itself and the redevelopment plan was created in 2005 and
the various, review and the planning steps in 2009, there was a draft, transit center plan released but that was finally approved in 2012. so, in an overview of the cfd, but that transit center plan as i mentioned was adopted in 2012, included a requirement that the major new development will be required to join a community facilities district or a special tax district and established the general terms for the rates at 0.55 percent, of the value, and a term of a maximum of 30 years. and i have called for in the implementation document, the city has done a study to develop, a rate and method of a portionment of those taxes or an rm a and based on an updated valuation study performed by the concord group. and that included looking at how the taxes will be assessed on major new development and required by the planning code.
and it assumed that the existing development does not pay and that the tax based and the taxes based on land use, consistent with the value is described in the transit center district plan and based on that evaluation performed by the group and the land use category and residential, and looking at those for sale and rental and the office and hotel, retail, and the initial maximum special rates for each property, based on a fiscal year of 13, 14, base rates and the base rate increases by an annual infrastructure cost inflation estimate each year and which is consistent with the impact fees and there is a gap and a floor of a 4 percent change. and after project receives its certificate of occupancy and then there will be a maximum rate of 2 percent each year. there are exemptions and the affordable housing is exempt and child care space for
instance. >> and so here is a map showing the cfd boundary along with the transbay redevelopment boundary, if you can see the outline in red is the cfd boundary and then, you can see sort of the gray lines within that of the transbay plan, and zone one, which are the public parcels under ocii jurisdiction and it is indicated there, and sort of at the bottom of the plan area and then in zone two, are private parcels under the jurisdiction of the planning department and so within that boundary were rezoned through the center and district plan and they got significant height increases on several parcel and previously they topped out at 550 feet and now, multiple development parcel cans go up to 700 feet or above. and they also removed, the density limits which has allowed more development on parcel and as part of the adoption of the plan and the up zoning, the code was amended to
require new impact fees and participation in this melarue district by the new development. and here is a closer out, more detailed view and you can see that the initial parcels, are shaded in there that are, the initial ones, and then, the, and they would vote on the cfd and that includes all of the publicly owned parcels and then all of the parcels that have already entitled projects, and have joining the cfd as part of the entitlement requirements and the future an nexation is the same as the boundary and as property jects get in this boundary they will be required to annex into the existing cfd, but the future parcels don't vote yet on the formation of the cfd. >> so, and now i will talk about the plan for both the revenue and the expenditures within the cfd and it will primarily pay for that downtown
rail extension that i mentioned, but from the fourth and king, to the new transit center and along with a lot of street and open space improvements, and this is going to supplement the tax fees and revenue and there is a list of eligible capitol projects in the cfd legislation and specifically those items are funding the train box, that dtx extension and the roof top park on the transit center and a lot of public realm improvements to serve the pedestrians coming and the new development and the intention, really is that we do anticipate that there will be a large number of pedestrians coming to this transit terminal and this new development and moving between there and market street and so it is paying for a lot of those public improvements in that area, and the planning department and the department of public works are working on a detailed street scape plan including the detailed cost estimates of what that will take. >> and before the issuance, and
that will be issued after the district is formed, and after the first certificate of occupancy is issued. and each bond issuance will then be secured by that special tax payment with a cap of up to 1.4 billion dollars. there is in terms of government and administration, of the cfd, that will be governed by what is called a joint facility agreement, and the board of supervisors then is also, responsible for forming the district. and once that district is formed, the board must approve bond authorizations as well as a capitol plan and a budget through its usual board processes. >> the capital planning committee will approve a plan and making recommendations about the plan in the budget and the city's director of public finance will be responsible for projecting those bond renew and recommending issuances and recommending tax commitmentments for the
specific project and based on those revenues there will be a committee that will meet to develop a five year capitol plan, spending that and consistent with that agreement. and this would then be recommended to that capitol planning committee for the approval and you can see that there are several steps and reviews to be sure that they are in step are the revenues. >> so, as i mentioned the final steps are to hold the election for the formation of the cfd and the board of supervisors will take the final legislative action in december. and so, with your approval today, and then the executive director will be authorized to execute a ballot since we own the block one which is within the district. >> and so that concludes my presentation and i am happy to answer any questions about this matter. >> thank you. >> do you have any speaker cards. >>vy no speaker cards. >> okay. no conversation, and discussion?
comments by commissioners? >> i just want to know about this. 1.4 billion, bonds. can you explain that? >> one second. so the, and the 1.4 billion is the maximum amount of debt that be issued and the question of what it will be spent o >> right, and so that was that list of item primarily and the train box for the trains coming in to the terminal and a lot of street scape and there is a capitol list that is included in the legislation and then as
the district goes forward, the city's capitol planning committee will be reviewing things to determine, what this specific uses will be for each bond issuance. >> and do you know if a vendor is going to or what wither going to issue these bonds? >> well the city will issue them and so it is not an ocii controlled cfd, it is a city and, we will be taking action because we own a parcel of land within the district. and so, once the first project gets the cfo i think that was the point at which, they can issue the debt. and i am not sure if i know exactly, unless the director has a sense on when the first bond issuance and i can find that out. >> and i believe that the first project will get a cfo about a year, or a year and a half from now. so, after that, building gets its certificate of occupancy, and then, you know, all of the other steps will have to happen and the city will start to issue the debt. >> okay. >> do we have any other
questions? >> no i would like to move the item. >> before we move that i just have a question and just because it is interesting to me and you have explained how ccii would cast our vote and with respect to the other property owners in the district, if it is a private company let's say jay paul or anyone else, how is it that they do, and do you know? do they go through the board of directors? >> i think that it probably would depend on how each development and entity is controlled, and so they will have their internal, you know, review process and how they cast the ballot and that i think it depends on the type of that company, with the property owner. >> okay. >> thank you. >> and i have no other questions. >> the motions are made by commissioner bustos and we have a second. >> second by commissioner singh. >> call the roll. >> announce your vote. >> commissioner mondejar, absent. >> singh. >> yes. >> bustos. >> yes. >> madam chair, rosales.
>> a way of life in san francisco. when the next major quake hits, the city hopes a new law requiring seismic upgrades to five story buildings will help keep more residents safe and sound. tell me a little about the soft story program. what is it? >> it's a program the mayor signed into law about a year and a half ago and the whole idea behind it was to help
homeowners strengthen buildings so that they would not collapse. >> did you the soft story program apply to all buildings or building that were built in a certain time frame? >> it only applies to buildings built in the time frame of 1978 and earlier. it's aimed at wood framed buildings that are three or more stories and five or more units. but the openings at the garage level and the street level aren't supported in many buildings. and without the support during a major earthquake, they are expected to pancake and flatten ~. many of the buildings in this program are under rent control so it's to everybody's advantage to do the work and make sure they protect their investment and their tenant. >> notices have gone out to more than 6,000 owners of potentially at-risk properties
but fewer than one-third have responded and thousands might miss an important deadline in september to tell the city what they plan to do. let's talk worst case scenario. what happens in a collapse? >> buildings have the tendency of rolling over. the first soft story walls lean over and the building collapse. in an earthquake the building is a total loss. >> can you describe what kind of strengthening is involved in the retrofit? >> one of the basic concepts, you want to think of this building kind of like rubber band and the upper three floor are very rigid box and the garage is a very flexible element. in an earthquake the garage will have a tendency to rollover. you have to rubber band analogy that the first floor is a very tough but flexible rubber band such that you never drive force he to the upper floors. where all your damage goes into controlled element like plywood or steel frame. >> so, here we are actually
inside of a soft story building. can we talk a little about what kinds of repairs property owners might expect? >> it's a very simple process. we deliberately tried to keep it that way. so, what's involved is plywood, which when you install it and make a wall as we have done here already, then you cover it with this gypsum material. this adds some flexibility so that during the earthquake you'll get movement but not collapse. and that gets strengthened even more when we go over to the steel frame to support the upper floor. >> so, potentially the wood and the steel -- it sounds like a fairly straightforward process takes your odds of collapse from one in 4 to one in 30? >> that's exactly right. that's why we're hoping that
people will move quickly and make this happen. >> great. let's take a look. so, let's talk steel frames. tell me what we have going on here. >> well, we have a steel frame here. there are two of these and they go up to the lower floor and there is a beam that go across, basically a box that is much stiffer and stronger. ~ goes so that during the earthquake the upper floor will not collapse down on this story. it can be done in about two weeks' time. voila, you're done. easy. >> for more information on how to get your building earthquake ready, h >> ♪ ♪ ♪ ♪ ♪ ♪
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our moderate sheryl jernsz an emmy award winner on an absence geotv monday through friday and additionally the host of the yes, ma'am i didn't award-winning show behind the headlines that look at issues she is a san franciscan mod rewarding many of our formed and a past reciprocate please join me in welcoming sheryl (clapping). >> thanks very much it is have been the tough open the traffic on the embarcadero did anyone else have trouble and finding the building and our a student and you had trouble i really would like to have more questions from the audience so
let one the volunteers and ask anything you want on the card don't use profanity we have two incredible supervisors who have done a lot for san francisco supervisor campos and supervisor chiu the candidates will answer questions and also questions by the legacy of women's voters they have agreed to ask their supporters to be respect fell and maintain quiet if you have your phones just turn the ringer off please not to interfere with the miff and tonight's forum will view a chance to hear from your candidates this really nice the candidates get 30 seconds to a minute 0 they're to get 22 half a m